Taylor
Thank You for the link.
Vanguard and Jack Bogle are the best.
He has done more for the individual investor than anyone in the history of the business.
Sail on Good Ship Vanguard, Jack Bogle, Taylor and ALL Bogleheads
Have a great week,
Don

(part of) #5:In 2017, 9 out of every 10 dollars invested in the United States went through Vanguard

Can this be right? Only 10% of people using individual stocks or bonds, Fidelity, Schwab, Blackrock (including iShares) etc. for their new investments?

For what it's worth, searching for the quote online led me to this excerpt from a NYTimes article:

The money simply flows into index funds and E.T.F.s, and through February of [2017], nine out of every 10 dollars invested in a United States mutual fund or E.T.F. was absorbed by Vanguard.

The video's claim is incorrectly broad.

Thanks very much for researching that. Yet, that number is still mind-boggling.

Even after the correction, it's still tremendously misleading, in exactly the same way as the currently active thread on "6 stocks account for 98% of the return of the S&P500".

The problem arises from the nonsensical idea that one can assign proportions to a series of positive and negative values.

To illustrate, imagine a data series consisting of 10 values equal to 10.0, and 90 values equal to -1.0.

(Those values could be returns of individual stocks, or $billions in assets gathered by brokerages.)

The net total is +10, so any member of the top 10 accounts for 100% of the returns or assets gathered.

The NY Times wrote:In the last three calendar years, investors sank $823 billion into Vanguard funds, the company says. The scale of that inflow becomes clear when it is compared with the rest of the mutual fund industry — more than 4,000 firms in total. All of them combined took in just a net $97 billion during that period, Morningstar data shows.

In response to Mr. Landon Thomas Jr. (author of that piece), I would say that no, comparing Vanguard inflows to the rest of the fund industry combined is NOT the way to make the scale of that inflow clear. The right way to do it is to compare it with those in 2nd, 3rd, and 4th place, etc.